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September 15, 2007

Nets CEO: FCR hopes to break ground in October-November

yormark_head.jpg

Atlantic Yards Report

In an interview with WFAN on Wednesday, Nets CEO Brett Yormark spoke confidently that the Nets would move on schedule--though, as he didn't mention, lawsuits likely will push things back. He later hedged a bit.

Optimism about move

At about 6:00 into the segment, Yormark declared, unequivocally, "We'll be in Brooklyn for the 09-10 season."
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If FCR breaks ground this fall, the developer would almost certainly have to work around some buildings it does not yet own and have not been condemned.
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Finally, at about 24:20, Yormark hedged slightly, saying, "We do have at least two years in Jersey."

And, of course, team owners are hedging their bets, as they've extended their lease at the Continental Airlines Arena through the 2012-13 season, just in case.

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Posted by amy at September 15, 2007 9:35 AM